Reborn as a landlord in Shanghai

Chapter 82 Signing Three Contracts

Now that Mao Xiaoyu and Chairman Liu Wanhua have reached an agreement, things will be easier for both sides.

So Manager Wang and his employees got busy with Liu Yue again.

Watching the people bustling about, Mao Xiaoyu felt that giving up the shared area earlier was a wise move.

By simply conceding on the so-called shared area in the contract, he managed to snag 120 underground parking spaces, even though the spaces were only worth 4 yuan when they were initially sold.

We can wait until 2017, more than ten years later, and it's still possible to sell a parking space for 250,000 yuan. These 120 parking spaces would then be worth 30 million yuan.

Although it can't compare to a house, Mao Xiaoyu is quite satisfied that a parking space can sell for 30 million.

Moreover, this was obtained without spending any money, in exchange for the so-called shared area. The problem is that when you sell the house in the end, you can still sell it without losing any money, since the buyer ultimately bears the cost.

Actually, Mao Xiaoyu had no choice but to do this, since the law cannot determine whether there is a shared area in the demolition and resettlement housing.

However, the less specific the definition, the clearer the government's intention is. After all, there really shouldn't be any shared areas in demolition and resettlement housing, as long as there are legal provisions.

The fact that the law is so vague already indicates that the state allows for shared area. As ordinary citizens, what can we do but follow the state's lead? So, in the end, Mao Xiaoyu set her shared area at 15%.

Such a shared area is actually not too much in high-rise buildings. After all, for ordinary people, the difference between a slightly larger or smaller house, by two or three square meters, is really not noticeable. So when buying a house, people usually calculate based on the property certificate. They might complain a bit, but they accept it in their hearts.

For example, when people started taking possession of their houses in 2008, the property certificates showed more than 100 square meters, but the actual living area was only 90 square meters. As a result, many resettled residents protested, demanding the actual square footage or a refund of the overcharged amount.

But what happened in the end?

Ultimately, the developer said that if they wanted the house, they could take it or return it. Now the house costs 8000 yuan per square meter, and it's the kind of house that includes both the common area and the building area.

You, the relocated residents, only paid 5500 yuan per square meter when you bought your houses. If you don't want them, just take the money and we can sell them the next day.

Faced with such a blatant slap in the face, no one was willing to back down in the end. The relocated residents had no choice but to accept this type of housing; otherwise, what could they do?

After all, you have to pay for the common areas no matter where you buy a house. Even if you make a fuss here and get your money back, you'll still have to pay for the common areas when you buy a house elsewhere.

So for Mao Xiaoyu, it doesn't matter how much the shared area is, as long as the total square meters on her property certificate are 5195 square meters. She can sell the property certificate area later, not the interior area.

Mao Xiaoyu wasn't prepared to go against the market and society. Everyone agrees on the shared area and the total price per square meter. Even if she gets a little more square meter from the real estate, it doesn't matter since the total property certificate remains unchanged.

That's why Mao Xiaoyu thought of exchanging the shared area for an underground parking garage, which allowed her to earn 12 underground parking spaces for free. If she needed money in the future, she could sell these parking spaces.

If money weren't an issue, renting out all 120 parking spaces each month could easily generate two or three hundred yuan per month.

Some people might say, "Parking spaces outside cost 800 a month, why do you only rent your parking space to others for 200?"

There's nothing we can do about it; underground parking spaces also have management fees, even though they cost over 800 yuan compared to the outdoor parking spaces.

However, the parking fee is still 600 yuan per month. If Mao Xiaoyu adds another 200 yuan, it will come to 800 yuan in total, which I believe some car owners can accept.

Another half hour passed before the first demolition contract was finally drafted.

Of course, Mao Xiaoyu wasn't in a hurry to sign, while Manager Wang and Liu Yue were busy with the second and third contracts.

The second and third contracts are both loan contracts. Although they are separate loan contracts, they are linked together when it comes to repayment.

For example, in the second contract, Mao Xiaoyu borrowed 27 million yuan from Xinde Real Estate Company, using 27.04 million yuan of demolition compensation as collateral. The loan was for three years with an annual interest rate of 5%. After three years, the total amount to be repaid, including principal and interest, was 3105 million yuan, of which 405 million yuan was interest.

The third contract was similar; Mao Xiaoyu used 32 properties as collateral to borrow 10 million yuan from Xinde Real Estate Company for a three-year term, with an annual interest rate of 5%. After three years, he was to repay 11.5 million yuan, including principal and interest, with an interest rate of 1.5 million yuan.

Million.

In other words, Mao Xiaoyu borrowed a total of 37 million yuan, and after three years, she needed to repay 42.55 million yuan, including principal and interest, of which the interest amounted to 555 million yuan.

Although the contract is divided into a second and a third contract, these two contracts can also be considered as one contract, because the contract stipulates that if Mao Xiaoyu wants to terminate the loan contract after three years, both contracts must be terminated together, and one contract cannot be terminated unilaterally.

This requirement also makes these two contracts related contracts.

Looking at the contract that Liu Yue had been working on for two or three hours, Mao Xiaoyu began to peruse it. Chairman Liu Wanhua was doing the same, looking at the contract documents that Manager Wang had handed him.

Looking at the contracts in her hand, Mao Xiaoyu didn't really have any objections to the three contracts. The loan terms were the same as those initially agreed upon. As long as she signed today, the 1650 million yuan would be transferred to the China Construction Bank card designated by Mao Xiaoyu within three days.

As for Mao Xiaoyu, within 20 days of receiving the money, she only needed to complete the demolition of 39...

Just hand over the property ownership certificates for the 32 properties that are not subject to demolition to Xinde Real Estate Company.

After obtaining the property ownership certificate, Xinde Real Estate Company will transfer HKD 10 million and RMB 10 million to the HSBC bank account designated by Mao Xiaoyu within three working days.

As for the handling of the demolished houses, it was agreed at the beginning that all tenants and all items in the houses would be cleared out within one month, and after one month, Xinde Real Estate Company would move in to demolish the houses.

After reviewing the three contracts, Mao Xiaoyu felt there were no problems and ultimately signed the contract in her hand.

-

After signing the three contracts, Mao Xiaoyu knew that she would receive 16.5 million yuan in cash.

With this cash, he could pay off the 16 million yuan mortgage that Li Mingyue owed.

As for the interest, the interest for one or two months would only be a few hundred thousand, which is more than enough for 50.

I can save up over 300,000 yuan, and I'll also get back the two property deeds for the house. I won't have to worry about my parents finding out.

Chairman Liu Wanhua also signed his name, looked up at Mao Xiaoyu after she finished signing, and then burst into laughter.

"Mr. Mao, it's getting late. Why don't you stay for dinner tonight?"

When Mao Xiaoyu heard what Chairman Liu Wanhua said, she took out her phone and saw that it was already past five o'clock, almost six o'clock.

It was lunchtime, but I was reminded that I hadn't finished my work at the hospital, and I still needed to register the tenants. My electric scooter was still outside the coffee shop, and I needed to get it back. If I didn't get it back tonight, it might be gone by tomorrow.

Moreover, I haven't settled my fees with the law firm yet, and I still need to settle them. If I stay for dinner, what will happen to these things?

So Mao Xiaoyu could only shake her head and say, "I'm sorry, Chairman Liu, I really don't have time today. Let's have a proper meal next time when I bring the property certificate over."

"Since Mr. Mao has something to attend to, well then, I'll look forward to your next visit," Chairman Liu Wanhua said with a regretful expression.

Then Chairman Liu Wanhua personally escorted Mao Xiaoyu and Liu Yue out of the company.

Mao Xiaoyu and Liu Yue left the company and went to the parking lot. After getting into the car together, they started fastening their seat belts.

"Thank you for today. Otherwise, we wouldn't have been able to finalize three contracts so quickly," Mao Xiaoyu said, fastening her seatbelt and looking at Liu Yue as she started the car.

"No need to thank me. Just don't mind the high legal fees you pay me," Liu Yue said casually.

"I don't think it's too high, I don't think it's too high at all. It's 1000 yuan, and it's definitely worth it," Mao Xiaoyu said with a smile.

Upon hearing Mao Xiaoyu's words, Liu Yue turned to look at Mao Xiaoyu and asked seriously, "Who told you it was 1000 yuan? You might only need 1000 yuan to sign one contract, so how could these three contracts be worth 1000 yuan?"

Besides, these three contracts wasted so much of our time. According to industry standards, these three contracts should cost at least 5000 yuan, but I can tell you don't know much about this industry, so how about this: you just give us 3000 yuan.

Upon hearing Liu Yue's words, Mao Xiaoyu's smile froze as the amount suddenly changed from 1000 yuan to 3000 yuan. However, after thinking about it, she ultimately didn't say anything.

After all, the other party did me a huge favor today by making a fuss about the shared area, which helped me get 120 underground parking spaces. Letting them take 3000 yuan is really not much.

"Okay, 3000 it is. But thank you so much for today. If you see a China Construction Bank branch, stop here and I'll give you the money," Mao Xiaoyu said.

"Okay." Liu Yue started the car and responded.

The car soon drove out of the parking lot and onto the normal road.

"It's not your law firm anymore. Just drive towards Yangpu District. As long as I see a China Construction Bank on the road, I'll withdraw the money for you," Mao Xiaoyu said directly.

"Okay, no problem, Mr. Mao. Have you ever thought about hiring a private lawyer, like today? If I were your private lawyer, the fee wouldn't be 3000 yuan." Liu Yue agreed, then suddenly asked.

"How much does a private lawyer charge?" Mao Xiaoyu asked curiously.

"18 a year, 24/000 consultation for all kinds of legal matters. We can send you 5 lawyer's letters a year and handle 10 ordinary contracts a year. Of course, there are other services, but you'll need to go to the law firm to learn more about them," Liu Yue said while driving.

"Okay, I really do want to find a private lawyer to help me with this. But I don't have time today. How about tomorrow? Tomorrow morning at 8:30, I'll come to your law firm to talk again. What do you think?" Mao Xiaoyu thought for a moment and said.

Since Mao Xiaoyu still has a lot of documents to sign in the stock market, it's best to have a lawyer she trusts review them when signing contracts. Today, she saw that Liu Yue did a good job, so if she hires her as her private lawyer, it's at least better than hiring someone she doesn't know.

"Then there's no need to look for the Construction Bank, Mr. Mao. Where do you need to go? I'll take you to your destination. As for today's legal fees, you can bring them to the law firm tomorrow." Liu Yue said politely upon hearing Mao Xiaoyu's words.

"Oh, aren't you afraid I won't honor this debt?" Mao Xiaoyu joked.

"I've never heard of anyone daring to owe money to a law firm. If Mr. Mao dares to do so, then you're really something," Liu Yue joked.

"Haha, that's true." Mao Xiaoyu smiled happily.

Then Mao Xiaoyu gave the address of the coffee shop, and Liu Yue spent half an hour finally getting Mao Xiaoyu to the coffee shop.

"Thank you, see you at 8:30 tomorrow morning." Wang Xiaoyu said goodbye after getting out of the car. Liu Yue nodded and then drove away.

After getting on her electric scooter, Mao Xiaoyu didn't start it. Instead, she thought for a moment, took out her phone, hesitated for a second, and then called Li Gang.

"Hello, this is Li Gang. How can I help you?" Li Gang's voice came through the phone after it was connected.

"It's me, Maozi. Are you off work yet?" Mao Xiaoyu asked bluntly.

"Yeah, I'm off work. The three of us are eating out right now," Li Gang said after a moment's hesitation.

"Okay, there's something I need to tell you. When you go to work tomorrow morning, ask your department head for leave at noon and tell them I need you to do something. As for how many days you need to take, let's start with two or three days," Mao Xiaoyu said.

Although Li Gang didn't know what Mao Xiaoyu meant, since she had said so, he agreed: "Okay, I'll be at the company on time at noon tomorrow."

"Okay, that's it." After saying that, Mao Xiaoyu hung up the phone, started her electric scooter, and headed straight for the hospital building.

By the time we arrived at the hospital building, it was already around 8:00 PM. Fortunately, it was summer, and although the building had air conditioning, no one was asleep yet.

Mao Xiaoyu registered them; there were a total of 7 tenants, which was not bad.

After taking the money, he left the house, went out for a meal, and then rode his electric bike back home.

>